Real estate development company, Ceiba Groupe, has secured a $9.2 million construction loan for the company’s new project, ID Flagler Village located in downtown Fort Lauderdale. The project marks the only new construction rental townhouse community currently going up in the Flagler Village neighborhood. The development boasts 24 luxury three-story residences, near the Brightline station and the Flagler Arts & Technology Village, or FAT Village. Adam Bedzow, Managing Principal of Ceiba Groupe stated that the project will create quality housing opportunities for young professionals working downtown and for those who require quick access to public transportation. Bedzow said that the new project is likely to spur additional investment in the neighborhood. A Ceiba affiliate paid $1.26 million in 2015 for the four-lot site which totals 38,475 sqf.
